Based on the share price in the domestic markets, the offer is expected to raise up to $1.4 billion for the government, bankers estimate.
The share price has come down slightly from a high of around PKR156 at the end of October to a level around PKR136, which should make PakistanÆs largest exploration and production company more attractive for international investors. At its highs, OGDC was valued at a premium to some of its...
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